Prime Investment Property in Melbourne for Sale
The prominent Prince Hotel freehold investment property in St Kilda has been recently offered for sale in what will be this year’s most popular accommodation asset. The hotel and serviced apartment property is currently owned by Melbourne’s renowned van Haandel family who has decided to sell in order to separate joint businesses.
The decision to offer the Prince Hotel for sale results is the desire of John and Frank van Haandel to separate their joint businesses so the families can pursue their own interests. They have appointed Jones Lang LaSalle Hotels to market the award winning investment property on a ‘sale and leaseback’ basis.
The Prince Hotel is Melbourne’s most famous serviced apartment and hotel combination. Last year the property won the “Australia’s Leading Boutique Hotel” award at the World Travel Awards in June 2008.
The Prince Hotel is located on the corner of Acland and Fitzroy Street in the popular suburb of St Kilda and features an award-winning restaurant Circa the Prince, the Prince Public Bar, the Aurora Spa Retreat, The Prince Deck, Il Fornaio café, Mink, the Prince Bandroom, and a multi-level car park for approximately 270 vehicles.
The property recently received Development Approval (DA) to construct an additional 24 luxury residential apartments and twelve serviced apartments on the site which will make the property even more attractive to investors. Because of the prime trading position and sustainability of diverse income streams, the property proves to be a secure freehold investment and will be highly sought after by strategic investors, high net worth individuals, investment funds, as well as investors with an eye for future development.
In addition to providing multiple income streams for investors, the location of the property which is near to St Kilda beach and the heart of Melbourne’s entertainment, fashion, and hospitality precinct, offers substantial opportunities for investment.
For additional information on serviced apartment property accommodations and investment opportunities in Australia, log onto Move and Stay at www.moveandstay.com.au .
The decision to offer the Prince Hotel for sale results is the desire of John and Frank van Haandel to separate their joint businesses so the families can pursue their own interests. They have appointed Jones Lang LaSalle Hotels to market the award winning investment property on a ‘sale and leaseback’ basis.
The Prince Hotel is Melbourne’s most famous serviced apartment and hotel combination. Last year the property won the “Australia’s Leading Boutique Hotel” award at the World Travel Awards in June 2008.
The Prince Hotel is located on the corner of Acland and Fitzroy Street in the popular suburb of St Kilda and features an award-winning restaurant Circa the Prince, the Prince Public Bar, the Aurora Spa Retreat, The Prince Deck, Il Fornaio café, Mink, the Prince Bandroom, and a multi-level car park for approximately 270 vehicles.
The property recently received Development Approval (DA) to construct an additional 24 luxury residential apartments and twelve serviced apartments on the site which will make the property even more attractive to investors. Because of the prime trading position and sustainability of diverse income streams, the property proves to be a secure freehold investment and will be highly sought after by strategic investors, high net worth individuals, investment funds, as well as investors with an eye for future development.
In addition to providing multiple income streams for investors, the location of the property which is near to St Kilda beach and the heart of Melbourne’s entertainment, fashion, and hospitality precinct, offers substantial opportunities for investment.
For additional information on serviced apartment property accommodations and investment opportunities in Australia, log onto Move and Stay at www.moveandstay.com.au .
Labels: australia investment, Melbourne accommodation, serviced apartment
Posted by Moveandstay
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